Volta Finance (LON:VTA) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Volta Finance Limited (LON:VTA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 6.60 and traded as low as GBX 6.50. Volta Finance shares last traded at GBX 6.50, with a volume of 3,756 shares traded.

Volta Finance Stock Performance

The stock has a 50-day simple moving average of GBX 6.60 and a 200 day simple moving average of GBX 6.73. The stock has a market capitalization of £239.24 million, a P/E ratio of 5.32 and a beta of 0.87.

Insider Activity

In other news, insider Joanne Peacegood acquired 1,055 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average cost of GBX 664 per share, for a total transaction of £7,005.20. Also, insider Stephen Le Page acquired 321 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were purchased at an average cost of GBX 664 per share, with a total value of £2,131.44. 0.41% of the stock is owned by company insiders.

Volta Finance Company Profile

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747.

Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. Volta’s investment strategy focuses on direct and indirect investments in, and exposures to, a variety of assets selected for the purpose of generating cash flows for the Company.